“Income up to ₹12 lakh = tax-free?” Not exactly. Tax is calculated as per slabs under the New Tax Regime, but the final tax becomes nil due to the rebate under Section 87A — it’s not automatic and it’s not a slab exemption. From FY 2025–26 onwards, resident individuals opting for the New Regime can get a rebate on income up to ₹12 lakh, subject to conditions. Remember, this rebate does not apply to income taxed at special rates like capital gains. Understand the difference between tax calculatio

Current INCOME TAX Slabs And Rates . #incometax #rates #taxslabs #tax #onlinelegalindia | Online Legal India

1.4K views | Filing Income Tax for the First Time? From choosing the right tax regime to claiming deductions, here's a step-by-step guide, complete with examples, to help you navigate ITR filing with ease. Shivani Bazaz breaks it down. #incometax #taxregime #taxreturn #centralgovt #cnbctv18digital #ITR #investment #income | CNBC-TV18 | Facebook